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Elliott Wave Technical Forecast: ASX Limited

Elliott Wave Technical Forecast: ASX Limited

ASX: ASX Limited – ASX Elliott Wave Technical Analysis TradingLounge (1D Chart)Greetings, our Elliott Wave analysis today provides an update on the Australian Stock Exchange (ASX) ASX Limited – ASX. We are observing a slight pullback in the short term for ASX Limited with wave ((ii)) – navy, after which wave ((iii)) – navy is expected to […]
USD/INR Analysis: Trend Remains Upwards And Under Tight Supervision

USD/INR Analysis: Trend Remains Upwards And Under Tight Supervision

The USD/INR is one of the biggest currency pairs in the world, but it remains tightly controlled by the Reserve Bank of India. The USD/INR pair is near the 83.7310 realm as of this writing with the typical amount of rather fast changes occurring across the screen because of its large spread between bid and ask prices. […]
Median Household Income In June 2024

Median Household Income In June 2024

Motio Research’s initial estimate of U.S. median household income in June 2024 is $79,090. That figure is up $780 (1.0%) from the firm’s delayed estimate of $78,310 for May 2024, which in turn was up by $72 (0.1%) from its median household income estimate of $78,238 in April 2024.We’re presenting both these monthly estimates at the top of […]
Dollar Storms Back (But Not Against The Yen) After Fed Signals Low Bar To September Cut

Dollar Storms Back (But Not Against The Yen) After Fed Signals Low Bar To September Cut

Image Source: Pexels  Overview: Neither the FOMC statement nor Fed Chair Powell’s press conference dented the markets confidence that the Federal Reserve will begin an easing cycle at its next meeting in September. Yet, the dollar is bid against most of the G10 currencies, but the yen and Swiss franc. The Norwegian krone, apparently helped by a […]
Silver Price Tumbles To Near $28.70 As USs Dollar Recovers Ahead Of US Data

Silver Price Tumbles To Near $28.70 As USs Dollar Recovers Ahead Of US Data

Silver price (XAG/USD) falls sharply to near $28.70 in Thursday’s European session after posting a fresh weekly high at $29.16. The white metal drops as the US Dollar (USD) rebounds strongly, and the Caixin Manufacturing PMI surprisingly contracted in July.The US Dollar Index (DXY), which tracks the Greenback’s value against six major currencies, jumps higher to near 104.35 […]
Higher Unemployment In Eurozone Threatens Consumption Recovery

Higher Unemployment In Eurozone Threatens Consumption Recovery

Image source: Pixabay  The Eurozone unemployment rate increased in June to 6.5%, jeopardizing the desired acceleration in household consumption.  Unemployment rate increases in JuneThe seasonally-adjusted unemployment rate in the Eurozone increased to 6.5% in June, from 6.4% in May. The number of unemployed was 41K higher than in May. Structural tightness in the labour market is […]
Economic Theory Vs. Practice

Economic Theory Vs. Practice

Friend, Leisa P. asks, “Can you show me evidence that ‘trickle-down economics actually worked?” After some heavy research, I realized it’s a much bigger issue.Yogi Berra explains, “In theory, there is no difference between theory and practice. In practice there is.”I reviewed John Kennedy’s investment tax credits; the government attempting to promote economic growth. GDP […]
Bear Of The Day: Carter’s, Inc.

Bear Of The Day: Carter’s, Inc.

Carter’s, Inc. (CRI) stock has fallen 19% in 2024 as the retailer’s earnings outlook fades amid a challenging retail environment, with customers stung by inflation. CRI shares are also down around 20% in the last 10 years compared to its industry’s 90% climb. Carter’s BasicsCarter’s boasts that it is the largest branded marketer in North America of apparel […]
How To Use Market Sentiment And Consumer Behavior To Value Stocks

How To Use Market Sentiment And Consumer Behavior To Value Stocks

Image Source: Unsplash  Navigating the stock market’s ups and downs is always intimidating, no matter how long you’ve been investing in your retirement. Even the most experienced investors find themselves puzzled by fluctuating stock prices that don’t always seem to mirror earnings reports or financial forecasts.But there are other clues you can use when determining the […]
Thoughts For Thursday: All About Earnings

Thoughts For Thursday: All About Earnings

And the Fed meeting too, I suppose. As August starts there are a slew of earnings coming in, many exceeding expectations which is always a good thing. The appointment of a new CEO at Boeing yesterday pushed the stock higher by $3.74.depositphotosYesterday the S&P 500 closed at 5,522, up 86 points, the closed at 40,843, up […]